Lightwave Logic Inc (LWLG): What is the chart showing us ? Unfortun...

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Lightwave Logic Inc (LWLG)

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Mdk1

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Mdk1

Re: Pro_v12001 post# 113829

Wednesday, 08/31/2022 3:05:26 PM

Wednesday, August 31, 2022 3:05:26 PM

What is the chart showing us ?
Unfortunately the pennant pattern and/or bullish flag got rejected … instead the chart is showing a M-pattern which is bearish (in fact we can see a triple top)… target 1 = +/- $8,05 & target 2 = +/- $7,7
Target is the height of the M shape
Restart for the longs is almost there IMO
https://www.tradingview.com/x/yzWCfVy0/